BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Above-average returns are returns in excess of what an investor expects to earn from other investments with a similar amount of risk. Risk is an investor’s uncertainty about the economic gains or losses that will result from a particular investment.

Detailed explanation-2: -Above-average returns are earned when the firm uses its valuable, rare, costly-to-imitate, and non-substitutable resources and capabilities to compete against its rivals in one or more industries. Evidence indicates that both models yield insights that are linked to successfully selecting and using strategies.

Detailed explanation-3: -Strategic competitiveness is achieved when the firm successfully formulates and implements a value-creating strategy. Above-average returns are returns in excess of what investors expect to earn from other investments with similar risk levels.

Detailed explanation-4: -What does the resource-based model suggest a firm should do to earn above-average returns? . Above-average returns are earned when the firm uses its valuable, rare, costly-to imitate, and non substitutable resources and capabilities to compete against its rivals in one or more industries.

Detailed explanation-5: -34. When the firm earns lower-than-average returns, the highest priority is given to satisfying the needs of capital market stakeholders over the needs of product market and organizational shareholders.